Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools - page 18. (Read 85500 times)

I agree, the objection to SolidCoin and all the other forks seems to be more of a moral one rather than an intellectual one.  It's basically "Satoshi was a genius, what have you done?  Why should you make any money?"  I agree with most of what CoinHunter has done, except for the lower number of coins.  This whole Bitcoins/Solidcoins/whatever scarcity tactic is BS.  Once difficulty or prices get too high, somebody will create a fork.  I could create more solidcoins today by taking the existing code and creating a new genesis block.  They wouldn't technically be SolidCoins, but they would accomplish the same thing and work exactly the same way.  So I don't really see what limiting the supply of coins accomplishes, it actually makes it more likely to fail in the long run in my opinion.

Solidcoin won't fail. Coinhunter has done a really good job setting this game up . The same people talking crap now will be shooting themselves in the head in 6 months knowing they could have bought at these prices. I think all cryptography will have a place in the future, and anyone thinking there is only room for one is a fucking moron.

Pardon my french...

MMMmmmmm

What's coming boys and girls?

Still waiting for an answer...
Saying that you did not do the analysis and the simulation is a perfectly ok answer. People need to know if these decisions were made with solid (pun intended) data or was it just a stab in the dark.

And for those that claim that satoshi's 10 mins was also a stab in the dark... you are probably right. But satoshi released bitcoin with nothing like it at all. So he had nothing else to copy and make better. There's now 2 years of bitcoin network data that you can study. If CoinHunter did study the bitcoin network and figured that these numbers were optimal, then props to him. If not, then how is solidcoin much better than the other pump and dump coins like ixcoins and i0coins.

Not really. I don't really have much invested in either of them. May the best or both win IMO. I just hate all the bashing that is going out at this way too early stage.

You mean the horribly broken i0coin that most pool operators will not even touch anymore? I would like to see some proof of what you are saying about the re-targeting algo idea already being in i0coin days before Solidcoin was announced.

Oh, and you don't want to protect your invenstment in solidcoin?

Not really concerned at all. He has shown active development. He has his own domain with a nice looking and thought out web page. He is active on this forum and on the Solidcoin forum. He is active on IRC freenode #solidcoin. He is actively promoting goods and services and doing everything he can to promote Solidcoin so that it succeeds.  From talking to him on IRC and watching him for a few days, he does not appear to be doing this to scam people or get rich quick. He has even put up some of his own money.

He never stated he wrote a completely new Crypto currency. He stated he has seen via experience doing business with Bitcoin that it has shortcomings and that he wanted to come out with a possible (note possible) replacement that would benefit us all in the long run.

If it succeeds then fine, if it does not then fine. It will either sink or swim and time is the only variable now that will bring one of those scenarios to fruition.

What have you done lately other than try to pick what he is trying to accomplish apart at every chance you get?

Maybe he has not gotten every little thing correct in his exuberance while trying to promote Solidcoin. I don't really care. I have been watching what he has said here  and on IRC for days now and I believe he is trying to do the right thing.

He has also said there are more changes he wants to, and will be making to Solidcoin. You constantly harping at him here only takes his time away from the project. I believe that is what you want anyway though, as you want this crypto currency fork to fail so you can protect your invenstment in Bitcoin.

Encryption? Yes Bitcoin has it for months, but you know, that's a feature that is in alpha stage, ie not fully tested, ie we can't fully rely on it. And this is the same you find in your beloved solidcoin
Retargeting algo idea? Already in i0coin, days before solidcoin was announced

Sorry, I meant to say that he has done more useful changes, or did Bitcoin get wallet encryption when I wasn't looking? Work on that has been going for how many months now? At least as far back as March, if I recall reading those threads correctly.

Also, the retargeting algo is a good idea. One of the easiest and (relatively) cheapest attacks on bitcoin would be to quietly buy a *lot* of coins over time and then sell them all, dropping the price to $1 or $2 and then holding it there for a month. A lot of miners would be forced to stop since many require fiat each month to pay their electric bills. Even losing 50% of the network hashrate would be devastating to bitcoin.

And dev forums? B-O-RING! Who has time to read about all that coding crap? Just looking at the titles gives most people a headache

2300... 23... 2+3=5...
FIVE reasons to own solidcoins...
S O L I D <-- FIVE letters...

O_O

SolidCoin is a Discordian plot, isn't it?  We've all been taken in by operation mindfuck.


I'm sorry, I guess I missed the part where he actually answered the damn question.  Are you really not at all concerned about the fact that the guy is lying through his teeth in his promotional materials?

You would think a guy trying to solicit business would be more professional.

This guy sure knows how to beat a dead horse.

Easy
1 block every 3 minutes instead of every 10 minutes -> you can multiply by 10/3 -> 2300 users
Five reasons to own solidcoins -> 11500 users

QED

support solidcoin!

Falls a bit short of CoinHunter's claim that "10,000 people own solidcoins".  I'd really like to know how he extrapolated the other 9,299, but he seems reluctant to say.

Hmm thats a lot.

I think in 2-3 months it will be much more, solidcoin will never die.

Many collectors will keep coins for months.

There are 701 users on the bitparking exchange with a balance of solidcoins greater than zero. It doesn't give an indication of actual users since they'll be people who don't use the exchange, and people who have withdrawn their solidcoins so the exchange doesn't hold it, but it may help gauge the size.

Really?  Better check your math.  You've been in damage-control mode since I started posting here, and you can't seem to resist replying to nearly every one of my posts.  Makes sense though.  Your claims about SolidCoin don't stand up to scrutiny, so you have to put a lot of effort into spin-doctoring in order to reassure your suckers investors.

Remind me again, how many people own solidcoins?